The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-10-15
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A commodious boarding house, sire
r66x26, IL being built at the new Smith
find on section twenty-three, 1899 The
building now I'm use Is unfit for winter
and Is too small to accommodate the
force to be employed at the mine the
coming winter.
Raher a. James, the invincibles, are ex-
ploring on the Michigaumme mountain.
about fifteen miles from here. Some
very nice ore has been found, though i'm
what quantities is not known.
The Dunn mine il now hosting six
hundred tons OF ore every twenty-four
hours and will have shipped &c, 900 tons
Tonight. The Dunn is making a record
to be proud OF.
The Menominee mining CO.. is explor-
ing ON the southwest quarter OF section
twenty-four, 1926, Iron River district.
The Indications are said TO be very en-
couraging.
Some OF as fine specimens OF magnetic
specular ore as was ever seen, were
brought to the surface through "a shaft
az the HOLSTER find on section thirteen,
i3-32.
The Fairbanks mine was shut down n
day or so this week. The boilers gave
out and the water got the best OF them.
A new set OF boilers IL soon TO be put in.
The miners at the Mastodon mine we're
idle on Wednesday and Thursday be-
cause the management could secure no
cars and the pockets were full
DIR. Kimball has quit work for the
present in the tunnel at his exploration
on section twenty-eight, 1882, on the
east side of the river
The HOLSTER find on section thirteen.
1882, is improving daily and demon
strating the fact that the lind il one Of
huge proportions.
A drift has been commenced east from
the bottom Of "A twenty-eight foot shaft
at the Lockwood mine on section thirty
three, 1882.
The Windfall mine on section twenty
two, 1892, III. ID. Fisher, superintendent,
Is not being worked very extensively just
at present.
No work is now being done at the
Raher * james mine on section twenty
eight, 1882. A fine vein OF ore has been
shown up.
The Mastodon mine in looking It's best,
all Of which goes to show that Capt. G.
Il. Roberts ls the man for the place.
main shaft at the Monitor mine sixty
feet below it's present depth.
The Blaney mine has not yet com
menced work and has been allowed TO
again fill with water.
A new boiler is being put i'm place and
a new cage is also being put in at the
Mastodon mine.
A general scarcity OF ore cars is re-
ported
The market presents no new features,
ore being scarce In quantity and firm in
price. What little Bessemer ore wassold
during the week was contracted for under
such conditions as would secure the seller
in case OF non-delivery. Regular con-
tracts, IL is found, far exceeded those OF
last year, and the high lake frcights
all through the season have restricted
the output so considerably that little, II
any, extra ore was mined. The lake
ore men declare, must come
down, or they will refuse to jeopardize
their capital in mining in order TO benefit
the vesselmen only. They scout the idea
OF SO. ore from Ashland before the season
closes. Ore cannot stand the present I
freights, they say, let alone an advance 4
Vesselmen, on the other hand, are quite
az tenacious and intend to hold out for
higher rates. In view OF the fact that so
many season charters have expired,
and OF the refusal in nearly every instance ,
TO re-charter, the vesselmen, il Is believed,
have the advantage and will undoubtly
make use OF IL. They reason that ore
contracts must be filled, no matter what
the freight may be. Thus far, however,
vesselmen have met with little success.
On Ashland rates they have gained five
cents, $2.55 being now paid. Marquette
are made at SO, while the Esca-
naba rate went up five cents during the
week, and is now $1.70. Ore men still
hold out for 81 90 on Escanaba cargoes
and say that they will pay no more.
The receipts during the week were AZ
OS2 tons, rs compared with $3.50 tons
during the corresponding week in 1886.
The rail shipments TO furnaces for the
week aggregate 81 ,612 tons, the ship
Inents during the corresponding week in
1886 being "a ,964 tons. One sale OF
), 900 tons of non-Bessemer ore is re-
ported. We quote as before;
No. Specular and magnetic Besse-
ner ores per toI......................EI OD@I 90
10. specular mon Bessemerl ores
per ton. VuWu 90
bcseemer Hematitee. .,............-..s. toWO ~
non. Beseemer HcmatIteS.....--...... OOepb 90
Cleveland Iron Trade Review.
3